FTSE 100 and Midcap Index See Mixed Fortunes Amid Market Volatility

The UK's FTSE 100 ended lower on Monday despite quarterly gains, while the midcap index suffered after a profit warning from Aston Martin. Rightmove saw a 7.7% drop following the termination of REA Group’s takeover pursuit. Broader market weakness persisted with most FTSE 350 sectors ending lower.

The UK's FTSE 100 declined on Monday, facing broader market weakness, although it achieved quarterly gains. The midcap index also fell following a profit warning from luxury car manufacturer Aston Martin.

The blue-chip FTSE 100 concluded 1% down, marking its fifth consecutive quarter of gains despite marginal monthly losses. Real estate portal Rightmove plunged by 7.7% after Rupert Murdoch's REA Group abandoned its $8.29 billion takeover bid following multiple rejections.

The midcap FTSE 250 index decreased by 0.9%, with Aston Martin's shares plummeting 24.5% after announcing a lower annual profit forecast and reduced production estimates. The automobile subindex was down by 6.7%. Most sectors in the FTSE 350 ended in the red, with precious metal miners dipping 2.9%, influenced by falling gold prices. However, positive indicators from household finances and business investment gave some hope for the upcoming budget preparations by Finance Minister Rachel Reeves.

(With inputs from agencies.)